Legal departments are prioritizing workflow efficiency, cost controls, and technology use. These are among the findings of the 2023 Legal Department Operations Index, which noted legal departments are facing growing workloads, shrinking budgets, and a need to increase their use of technology. Legal Current shares top takeaways from the report. Legal departments are under pressure …
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Practical Law The Journal: September Issue Out Now
Practical Law The Journal is the award-winning magazine companion to Practical Law, covering a wide range of transactional, regulatory, and litigation topics. It publishes monthly in a digital-only format hosted on Reuters.com. Legal Current reached out to the Practical Law The Journal team to discuss what readers can look forward to in the September issue. …
Future of Professionals Report: Legal Professionals’ Optimism and Wariness Around AI
Our Future of Professionals Report reflects our history of partnering with legal professionals and our commitment to applying innovative technology that helps our customers better serve their clients. The report surveyed more than 1,200 professionals in legal, tax and accounting, global trade, and risk and compliance industries. Legal professionals’ perspectives in the report are what …
Thomson Reuters Completes Acquisition of Casetext, Inc.
Thomson Reuters announced today that it has closed on its previously announced acquisition of Casetext, Inc., a provider of technology for legal professionals, for a purchase price of $650 million in cash. Founded in 2013, Casetext uses advanced AI and machine learning to build technology for legal professionals, creating solutions that help them work more efficiently and …
Generative AI Insights from Joel Hron: How Thomson Reuters Will Deliver Trustworthy Results
Joel Hron, vice president of Technology, was among the presenters at the webinar Thomson Reuters hosted in June to offer sneak peeks of the generative AI capabilities in Westlaw, Practical Law, Legal Drafting tools, and the plugin with Microsoft 365 Copilot. More than 150 attendees submitted questions during the webinar. Today, Hron provides the second piece in …
ILTACON 2023: Join Thomson Reuters to Redefine Legal Work with the Power of Generative AI
When ILTACON – the International Legal Technology Association’s annual conference – opens on Aug. 20, Thomson Reuters will join industry experts and the legal community in Orlando for peer-driven programs, educational content, and networking activities. The conference is an opportunity for attendees to collaborate on successful legal operation strategies for today’s transforming legal industry. Thomson …
Zena Applebaum Named a 2023 Fellow by the College of Law Practice Management
Zena Applebaum, vice president, Product Marketing, Thomson Reuters has been named a 2023 fellow by the College of Law Practice Management. The college is a professional, educational, and honorary association dedicated to improving law practice management and enhancing the professional quality of and public respect for the law. Applebaum shared what the recognition means to …
Thomson Reuters Judicial Analytics to Integrate with Courtroom Insight
A new Thomson Reuters collaboration with Courtroom Insight will deliver seamless access from Thomson Reuters Litigation Analytics to the Courtroom Insight Knowledge Management Platform. The collaboration, announced today, provides mutual customers with access to relevant research on judges, case types, and judgments in the United States. Courtroom Insight users will have access to Thomson Reuters …
Dynamic Law Firms Report: Strategies Top-Performing Firms Use to Fuel Growth
Law firms that invest in technology and innovation earn higher revenues. This is among the key takeaways of the 2023 Dynamic Law Firms Report, which examines a 10-year stretch of data to identify the strategies law firms are using to ensure long-term success and growth. The report found that when clients perceive a firm they …
Thomson Reuters Corporation Signs Definitive Agreement to Acquire Casetext
Thomson Reuters Corporation announced yesterday it has signed a definitive agreement to acquire Casetext, a California-based provider of technology for legal professionals, for $650 million cash. The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent initiatives, including a commitment to invest more than $100 million annually on AI capabilities, …
